Easter Company provided the following data for the preparation of the statement of cash flows: Increase in accounts receivable - 300,000; Decrease in accrued expenses - 170,000; Net loss - 250,000; Depreciation - 1,000,000; Gain on sale of machinery 230,000. What amount should be reported as net cash flows from operating activities using indirect method? *
Easter Company provided the following data for the preparation of the statement of cash flows: Increase in accounts receivable - 300,000; Decrease in accrued expenses - 170,000; Net loss - 250,000; Depreciation - 1,000,000; Gain on sale of machinery 230,000. What amount should be reported as net cash flows from operating activities using indirect method? *
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 29BE
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